Overview / Commentary
317-569-7420
11555 N Meridian St, # 400
Carmel, IN 46032

Merchants Bank of Indiana is headquartered in Carmel and is the 7th largest bank in the state of Indiana. It is also the 276th largest bank in the nation. It was established in 1923 and as of September of 2018, it had grown to 221 employees at 5 locations. Merchants Bank of Indiana has an A+ health rating.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #8056
Year Established1923
Employees221
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.95%
Return on Equity - YTD16.3%
Annual Interest Income$99.5MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$3.76B$3.24B
LoansQ3 2018vs Q3 2017$2.87B$2.06B
DepositsQ3 2018vs Q3 2017$3.27B$2.90B
Equity CapitalQ3 2018vs Q3 2017$462.6MM$291.8MM
Loan Loss AllowanceQ3 2018vs Q3 2017$11.1MM$7.5MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$1.3MM$2.6MM
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates

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Locations


Merchants Bank of Indiana Locations
Indianapolis Bank Branch3737 East 96th StreetIndianapolis, IN 46240
Spartanburg Branch6880 South Arba PikeLynn, IN 47355
Merchants Bank Of Indiana11555 N. Meridian Street, Suite 400Carmel, IN 46032
Merchants Bank Of Indiana Carmel Office Branch11590 North Meridian StreetCarmel, IN 46032
Lynn Branch7375 South Us Highway 27Lynn, IN 47355

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